NaaS Technology reports 3.22M tons of carbon reduction, targets net-zero emissions by 2050.

NaaS Technology Inc. released its 2024 ESG Report, highlighting its commitment to strong governance, technological innovation, green and low-carbon transition, employee empowerment, and ecosystem collaboration. The company achieved 3.22 million tons of carbon reduction through EV charging services and cut its total greenhouse gas emissions by over 47%. NaaS also established a new long-term target of achieving net-zero emissions across Scopes 1, 2, and 3 by 2050.

NaaS Technology Inc. (Nasdaq: NAAS), the first U.S.-listed EV charging service company in China, has released its 2024 Environmental, Social, and Governance (ESG) Report. The report underscores the company's commitment to strong governance, technological innovation, green and low-carbon transition, employee empowerment, and ecosystem collaboration. Key highlights from the report include:

Green Transition: NaaS achieved 3.22 million tons of carbon reduction through its EV charging services, while reducing the company's total greenhouse gas emissions by over 47%. Notably, the company's Anji Heavy Truck Integrated Energy Station Project became the first facility in China to obtain the FAST-Infra certification.

Innovation Focus: Throughout the year, NaaS filed 56 patent applications and secured 38 granted patents. Additionally, the company joined the AI Application Alliance alongside leading innovation-driven companies such as Huawei and Alibaba Cloud.

Ecosystem Collaboration: NaaS jointly released the 2024 White Paper on Carbon Inclusion Development with 14 partner organizations. The company also facilitated China's first carbon reduction transaction for EV charging services, with carbon account users exceeding 1 million.

ESG Ratings: In 2024, NaaS achieved significant advancements across key international ESG rating frameworks. In the S&P Global Corporate Sustainability Assessment (CSA), NaaS scored 72 points, ranking top 1 in China's retail industry and seventh in the global retail industry, among the Top 1% of global performers. In the CDP Climate Change Questionnaire, the company received an "A" rating, the highest grade. Meanwhile, its Sustainable Fitch ESG Rating improved to 78 points, the highest score in the Asia-Pacific region as of 2024, making it the first company in China recognized as a "Pure Player".

Ms. Yang Wang, Chief Executive Officer of NaaS, commented, "We will continue to implement a systematic ESG management framework covering governance, innovation, environment, people, and ecosystem, embedding sustainability in our routine operations. Guided by New-Quality Productive Forces, we will further enhance the intelligent upgrade of green energy infrastructure and drive deeper synergy between ESG management and long-term value creation."

About NaaS Technology Inc.: NaaS Technology Inc. is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The company is one of the leading providers of new energy asset operation services, utilizing advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.

References:
[1] https://www.marketscreener.com/news/naas-technology-inc-releases-2024-esg-report-highlighting-strong-green-transition-initiatives-ce7c50dedc88f726
[2] https://www.prnewswire.com/news-releases/naas-technology-inc-releases-2024-esg-report-highlighting-strong-green-transition-initiatives-302538829.html